YoY Change in Quarterly GDP in Turkey
Turkey| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year Gross Domestic Product (GDP) growth rate measures the percentage change in Turkey's total economic activity for a specific quarter compared to the same quarter of the previous year. This data, released quarterly by the Turkish Statistical Institute (TUIK), is crucial for evaluating the economy's long-term growth trends.
Year-on-year GDP data helps assess how much the economy is expanding or stagnating. An increase in GDP indicates economic expansion, potentially leading to increased corporate earnings and employment. Conversely, a decrease in GDP signals economic stagnation or contraction, which could lead to reduced corporate earnings and employment.
Policy makers use this data to evaluate the health of the economy and formulate appropriate monetary and fiscal policies. For instance, if GDP shows robust growth, the central bank may consider raising interest rates to mitigate inflation risks. Conversely, if GDP is declining, there may be a need to strengthen economic stimulus measures. This data is also vital for businesses and investors in forecasting economic conditions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
